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Property profile & analytics
OFF-MARKET
Estimated value
$10,045,000
Retail space
575 China Lk Blvd Ridgecrest, CA 93555-3581
Entity Owned
21-yr Hold
Free & Clear
Property ID
US09-2385118
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
WOOD
Total area
68,077 SF
Lot
9 ac (392,040 SF)
Zoning code
GC
APN
067-040-20-00-7
UPID
US09-2385118
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Primo Water Exchange Big Box & Wholesale Store
-
Home Services at The Home Depot General Contractor
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
-
The Home Depot Building Supply Hardware & Home Improvement
-
Garden Center Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.35M
Comparable Approach
Comparable
$12.93M
Blend (final)
Blend
$10.05M
Owner & transaction history
Hd Dev Of Maryland INC · 21 yrs held
Hd Dev Of Maryland INC
since 2004
2 recorded transactions
Zoning & alternative use
GC · Ridgecrest, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Medical building
$14.4M
+67.5%
Office building
$13.2M
+54.0%
Apartment house (5+ units)
$10.1M
+18.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ridgecrest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgecrest submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,210,000
6.5%
$10,350,000
7%
$9,610,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,565,000
Current use
MEDICAL BUILDING
$14,350,000
Change: +68% · Conversion: Difficult
OFFICE BUILDING
$13,185,000
Change: +54% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$10,145,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,445,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,640,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$10.05M
Range $9.04M – $11.05M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$148 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$93,952
Tax year 2023
Assessed value
$10,676,745
Assessed 2023
Previous assessed
$10,676,745
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$1,247,297
Assessed improvement
$9,429,448
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
68,077 SF
Lot
9 ac (392,040 SF)
Zoning code
GC
APN
067-040-20-00-7
UPID
US09-2385118
Jurisdiction
KERN
Zoning & alternative use
GC · Ridgecrest, CAZoning GC · permitted uses
GC · Ridgecrest, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.6M
MEDICAL BUILDING
Est. value
$14.4M
OFFICE BUILDING
Est. value
$13.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.1M
AUTO REPAIR, GARAGE
Est. value
$9.4M
INDUSTRIAL (GENERAL)
Est. value
$8.6M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
9 ac
Current owner
From public records · entity-resolved
Hd Dev Of Maryland INC
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 105842, ATLANTA, GA 30348-5842
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2004
$1,500
Hd Dev Of Maryland INC
Home Depot USA INC
Grant Deed
related
—
Jun 10, 2004
$34,500
Depierro D & S Trust
Depierro D & S Trust
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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